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Separate category of Student Loan Debt in Chapter 13

Wednesday, May 20th, 2020

Separate category of Student Loan Debt in Chapter 13

Under Bankruptcy Code § 1322(b)(5), a Chapter 13 plan may enable upkeep of re payments for claims by which the final repayment is due following the date by which the ultimate re payment underneath the plan arrives. Since a Chapter 13 plan cannot meet or exceed 5 years, the ultimate re re payment on many student education loans is supposed to be due following the Chapter 13 plan is completed. (more…)